1 If you owe money under your credit card, and you have paid it in installments, it will be displayed when you print your personal credit report.
If your credit card is overdue in future installments, it will also be displayed when printing personal credit information.
If you owe money under your credit card, and you repay it in installments, and you repay it in full every installment, there will be no bad credit record.
The cash installment business launched by banks can be divided into two types, one is handled within the credit line and the other is handled outside the credit line. The two stages are reflected in the credit report in different ways, so whether to go to the credit report will be different.
1. Cash installment within the credit card limit:
This installment will occupy the credit card line, and the line occupied after successful processing will be uniformly included in the credit card used line. However, some banks only include the current repayment amount in the used quota, so they will not make a separate credit report.
In the credit report, only the credit card information of cash installment under the name will be found, such as card opening time, credit limit, repayment, etc.
2. Cash installment payment exceeding the credit card limit:
This usually refers to cash installment products with exclusive credit lines, such as China Merchants Bank e-loan and CITIC Express. These products do not occupy the credit card limit. Although they are all cash loans in essence, they will not be reflected in the 2022 credit report in the form of consumer loans alone.
After these cash installment products are processed, the bank will open an account separately, and then issue a virtual card. The information of this virtual card will be displayed on the credit report, including the card opening time, usage amount, repayment situation and so on.
In short, if you want to know whether the credit card cash installment is on the credit card, you must first determine what kind of cash installment it is. If it is really unclear, it is recommended to call the issuing bank's 24-hour service hotline and consult customer service for clarification after switching to manual service.